The cryptocurrency market has surged, with Bitcoin and Ethereum leading the charge. Yet, Polkadot’s DOT token has underperformed with only a 2% increase. Recent updates, particularly Agile Coretime, aim to revolutionise the platform by easing the development process for Web3 projects. This could lead to a more favourable market position for the DOT token, promising … Read more
Bitcoin dropped below $50,000 for the first time since February, influenced by geopolitical tensions and recession fears, while Ether experienced its steepest decline since May 2021. The crypto market faced over $1 billion in liquidations, triggering a notable fear index response and major capital outflows from digital assets. In a turbulent start to the week, … Read more
Bitcoin Pizza Day, celebrated on May 22, marks the first-ever commercial transaction using Bitcoin when Laszlo Hanyecz paid 10,000 BTC for two pizzas. Initially valued at just $41, the pizzas’ worth skyrocketed as Bitcoin gained popularity, demonstrating the cryptocurrency’s monumental rise. Despite the incredible valuation, Hanyecz remains unfazed, illustrating the early novelty of Bitcoin. The … Read more
China may reconsider its ban on Bitcoin, fuelled by a recent court ruling that recognised Bitcoin as a legal currency. Although speculation runs high, scepticism lingers due to the government’s history of imposing bans. Bitcoin, meanwhile, remains legally owned but cannot be traded or mined, creating an ongoing tension in the crypto landscape. The crypto … Read more
Bitcoin’s regulatory landscape is unpredictable and varies globally. Price swings are influenced by government actions, with instances like China’s crackdown or the U.S. Bitcoin Spot ETF approvals showcasing these dynamics. The lack of a unified stance among regulators leads to confusion, complicating the classification of cryptocurrencies and their governance. Countries like Japan and South Korea … Read more